Zee Entertainment Enterprises Ltd. shares plunged as much as 10 per cent after the cancellation of a planned $10 billion merger with Sony Group’s India unit.
Zee’s stock traded at ₹208.3 (early trade), marking its lowest point since mid-July 2023. It has experienced an 8 per cent decline since the merger announcement in September 2021 and a 16 per cent drop in 2024, driven by apprehensions surrounding the deal.
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